Paper: GS – II, Subject: Society and Social Justice, Topic: Social Sector- Human Resources, Issue: Strengthening India’s youth force.
Context:
India’s growth story is driven by Shram Shakti (labour power). Under PM Modi’s leadership, India has risen from the 10th largest economy (2014) to the 4th largest (2024) signifying that Human resource strength is central to India’s global rise.
Key Highlights:
Employment and Economic Growth:
- Job Creation Trends:
- Growth of Social Security coverage:
It makes India the 2nd largest social security system globally.
Challenges Ahead:
- Rising automation, AI, and supply-chain shifts.
- Global uncertainties affecting job creation.
- Need for quality employment, not just quantity.
- Ensuring financial security, skill upgradation, and resilience against risks.
Government Initiatives for Youth Employment:
Pradhan Mantri Viksit Bharat Rozgar Yojana (2024–25)
- Aim: Convert demographic advantage into public prosperity.
- Scale: Most ambitious employment scheme in India’s history and expected to generate 3.5 crore jobs in 2 years.
- Design Features:
- Dual approach: Employment generation + enterprise competitiveness.
- Financial incentives to employers:
- Up to ₹15,000 for first-time employees.
- ₹3,000 per new hire per month under Part B.
- Encourages formalisation, transparency, and access to social security from day one.
Integration with Other Schemes: It complements:
- Production Linked Incentive (PLI) scheme.
- National Manufacturing Mission.
- Make in India initiative focussing on manufacturing sector as key employment driver.
Broader Vision:
- Nation-Building through employment: Beyond economics, it ensures dignity, equality, and national strength.
- Inclusivity: Scheme ensures no worker is left behind—every job, even at the smallest level, contributes to national growth.
- Long-Term Goal: Contribute to Viksit Bharat by 2047 through sustainable and equitable job creation.
Conclusion:
By formalising employment, expanding social security, and incentivising job creation, the government aims to transform demographic potential into lasting prosperity. The Pradhan Mantri Viksit Bharat Rozgar Yojana marks a structural shift from possibility to prosperity, ensuring every Indian youth has dignity, opportunity, and security in the journey towards a developed India by 2047.
https://www.thehindu.com/opinion/op-ed/giving-wings-to-indias-youth/article69996656.ece
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